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1 – 10 of over 1000This chapter focuses on examining how changes in the liquidity differential between nominal and TIPS yields influence optimal portfolio allocations in U.S. Treasury securities…
Abstract
This chapter focuses on examining how changes in the liquidity differential between nominal and TIPS yields influence optimal portfolio allocations in U.S. Treasury securities. Based on a nonparametric estimation technique and comparing the optimal allocation decisions of mean-variance and CRRA investor, when investment opportunities are time varying, I present evidence that liquidity risk premium is a significant risk-factor in a portfolio allocation context. In fact, I find that a conditional allocation strategy translates into improved in-sample and out-of-sample asset allocation and performance. The analysis of the portfolio allocation to U.S. government bonds is particularly important for central banks, specially in developing countries, given the fact that, collectively they have accumulate a large holdings of U.S. securities over the last 15 years.
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M. Engelhardt, P. Skipworth, D.A. Savic, A. Cashman, G.A. Walters and A.J. Saul
A whole life costing (WLC) methodology has been developed for determining long term maintenance expenditure requirements for water distribution networks. The methodology utilises…
Abstract
A whole life costing (WLC) methodology has been developed for determining long term maintenance expenditure requirements for water distribution networks. The methodology utilises an accounting scheme that ties the costs incurred by the operator and other stakeholders to the attributes or performance that drive the costs. It has specifically been derived with the requirements placed by the regulatory regime on the water companies that operate in England and Wales in mind. Expenditure constraints are implied by the regulator through price caps that companies can charge their customers. Appropriate levels of expenditures included as part of the price cap determinations are required by the regulator to be economically robust and tied to the service received by the customers. Therefore, maintenance decisions must reflect more immediate concerns of meeting performance requirements, but must ensure that such levels are sustainable in the long term. The WLC methodology achieves this through an integrated platform that links costs identified within a structured accounting scheme with their performance based drivers commonly modelled based on historical data. Thus, a robust and fully auditable methodology is provided that can address the requirements of all stakeholders. This methodology is the basis for software (WiLCO) that provides decision support in determining appropriate pipe rehabilitation and operational strategy and thus expenditure levels over extended time horizons.
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The purpose of this paper is to prepare for a campus sustainability audit at the main campus of Brock University, St Catharines, Ontario, Canada.
Abstract
Purpose
The purpose of this paper is to prepare for a campus sustainability audit at the main campus of Brock University, St Catharines, Ontario, Canada.
Design/methodology/approach
An inductive, qualitative approach was undertaken with data comprised of analyses of key stakeholder interviews, a review of literature, and a systematic collation of campus‐based sustainability initiatives taking place in 2008‐2009.
Findings
The study offers qualitatively analyzed evidence that even smaller and mid‐size Canadian campuses with limited budgets can successfully move forward with sustainability initiatives in multi‐systemic, synergistic partnerships that cross‐professional and disciplinary boundaries. Furthermore, inductive methodologies should not be overlooked in this process. While most of the sample of interviewees in this exploratory study agreed to be involved in current and future sustainability initiatives, interestingly, there were also concerns that discovery of any negative findings could cast a shadow on “green” efforts already underway. The findings also indicate a number of leading edge initiatives taking place at Brock University including a co‐generation power plant, and “green” construction of new buildings as well as those in the planning stages. Without a formal governance structure or a common theoretical framework in place, a broad spectrum of definitions on “sustainability” from key stakeholders was found ranging from an environmental focus to those based solely upon economics, and a combination of the two were prevalent. The absence of any systemic, coordinated and comprehensive approach on the university's main campus was the main negative finding – one that previously hampered growth of synergistic partnerships.
Originality/value
Owing to its geographical location in the Canada's Niagara Escarpment as one of UNESCO's World Heritage Biospheres and its recent emergence as a comprehensive university, it is apparent that Brock University is well placed with potential for a leadership role in promoting ethical and green consumption practices on its campuses and within the region. This qualitative study provides a contemporary, interdisciplinary conceptual framework for understanding how important synergies may be brought to bear in this new policy arena within and beyond academia.
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Lee Knifton, Alice Walker and Neil Quinn
Stigma and discrimination towards people with mental health problems is a global issue, imposing a considerable public health burden in terms of social isolation, limited life…
Abstract
Stigma and discrimination towards people with mental health problems is a global issue, imposing a considerable public health burden in terms of social isolation, limited life chances, delayed help‐seeking behaviour and stress. While numerous initiatives have been undertaken to address these issues, an evidence base for what works is still emerging. This paper explores the impact of 15 population‐level awareness workshops delivered over a five‐month period to 137 participants. These were employees drawn from workplaces identified as being important in the day‐to‐day lives of people with mental health problems. Evaluation approaches maximised specificity, sensitivity and anonymity and they assessed participant knowledge, attitude and behaviour. The workshops significantly improved participant knowledge. Attitude change was more complex with an overall significant improvement in attitudes, particularly in relation to unpredictability and recovery, but not dangerousness, which had more positive baseline attitudes. Social distance, a proxy for behavioural intent, had significant improvements in relation to ‘moderate’ social contact only. Qualitative feedback indicated that complex, unanticipated and positive messages had been absorbed by participants and influenced beliefs and behavioural intent. Service user narratives focusing on recovery were identified as the most valuable component of the intervention.
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Abigail A. Fagan and Nicole Eisenberg
This paper seeks to discuss advances in the prevention of crime and anti‐social behaviours that have occurred in the USA in the last decade.
Abstract
Purpose
This paper seeks to discuss advances in the prevention of crime and anti‐social behaviours that have occurred in the USA in the last decade.
Design/methodology/approach
The paper outlines significant achievements in the identification of risk and protective factors related to anti‐social behaviours, the design and evaluation of preventive interventions and strategies intended to increase the successful and widespread implementation of these practices. The Evidence2Success model is described as an example of how scientific advances can be utilised by communities to improve youth outcomes at little added cost to taxpayers.
Findings
In a very short time span, much progress has been made in prevention sciences. Spurred in part by federal initiatives and funding opportunities, increasing numbers of preventive interventions have been developed and demonstrated as effective, and methods for disseminating these practices show promise.
Originality/value
These successes can be utilised by other countries to advance prevention science internationally.
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Nilüfer Koçtürk, Sinem Cankardaş, Zeynep Sofuoğlu and Betül Ulukol
Culture significantly influences individuals' lives and shapes their behaviour in an ecological framework. In this chapter, we examine the issue of children's participation in…
Abstract
Culture significantly influences individuals' lives and shapes their behaviour in an ecological framework. In this chapter, we examine the issue of children's participation in research about child abuse and neglect (CAN) in the context of Turkey – a country that bridges the Asian and European continents. This study was based on a review examining studies on CAN in Turkey. Thus, the main goal was to find cultural explanations for the scarcity of participatory research with children in the field of child maltreatment. A review examining studies on CAN in Turkey found that no study included children victims of CAN or explored why children victims of CAN have not been participating in research. Therefore, we analysed ecological factors influencing the participation of children in CAN studies and interpreted the findings based on our observations as experts in this field. The analysis indicated that causes are not only due the characteristics of the caregivers and children but also result from the interaction of various environmental and systemic factors. Recommendations for politicians and researchers to increase children's participation in research are discussed.
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“ACE, Inc.,” a highly leveraged manufacturing company saw profits fading in 1990. Pressed by the board of directors, ACE's CEO submitted the firm's first formal five‐year…
Abstract
“ACE, Inc.,” a highly leveraged manufacturing company saw profits fading in 1990. Pressed by the board of directors, ACE's CEO submitted the firm's first formal five‐year strategic plan. Among the plan's unusual features: a dual approach to maximizing shareholder value, and a momentum plan.
This paper defines and explores the concept of intelligent spirituality. It is a deeply-grounded, emotionally-inspiring, spirituality that is human-centered, pragmatic, and…
Abstract
This paper defines and explores the concept of intelligent spirituality. It is a deeply-grounded, emotionally-inspiring, spirituality that is human-centered, pragmatic, and intelligent. While the name is new, the idea itself has a well-respected pedigree. The American pragmatist philosopher, educator, and activist, John Dewey, more than anyone else, defined the parameters of intelligent spirituality, demonstrated its usefulness in the modern world, and, perhaps most importantly, exemplified it as a living option in his daily activities.
For those interested in the contemporary “spirituality movement” – advocates, critics, or spectators – and especially how it affects today’s business organizations, the idea of intelligent spirituality, as discussed here, provides a useful set of precise criteria to evaluate some of the many changes which are occurring in corporate America and are defended under the banner of spirituality in business. Can one distinguish, for example, between legitimate and illegitimate spirituality? Are some forms of spirituality more useful than others? To what extent can spirituality play a positive role in contemporary business? Is spirituality necessarily related to coerciveness and intolerance in business? This paper explores the assumptions of intelligent spirituality and attempts to answer these questions.
Jeffrey Braithwaite, Kristiana Ludlow, Kate Churruca, Wendy James, Jessica Herkes, Elise McPherson, Louise A. Ellis and Janet C. Long
Much work about health reform and systems improvement in healthcare looks at shortcomings and universal problems facing health systems, but rarely are accomplishments dissected…
Abstract
Purpose
Much work about health reform and systems improvement in healthcare looks at shortcomings and universal problems facing health systems, but rarely are accomplishments dissected and analyzed internationally. The purpose of this paper is to address this knowledge gap by examining the lessons learned from health system reform and improvement efforts in 60 countries.
Design/methodology/approach
In total, 60 low-, middle- and high-income countries provided a case study of successful health reform, which was gathered into a compendium as a recently published book. Here, the extensive source material was re-examined through inductive content analysis to derive broad themes of systems change internationally.
Findings
Nine themes were identified: improving policy, coverage and governance; enhancing the quality of care; keeping patients safe; regulating standards and accreditation; organizing care at the macro-level; organizing care at the meso- and micro-level; developing workforces and resources; harnessing technology and IT; and making collaboratives and partnerships work.
Practical implications
These themes provide a model of what constitutes successful systems change across a wide sample of health systems, offering a store of knowledge about how reformers and improvement initiators achieve their goals.
Originality/value
Few comparative international studies of health systems include a sufficiently wide selection of low-, middle- and high-income countries in their analysis. This paper provides a more balanced approach to consider where achievements are being made across healthcare, and what we can do to replicate and spread successful examples of systems change internationally.
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